Offering $450K would leave room to cover the $50K in repairs, and since market rents support a solid increase after updates, this could boost your long-term cash flow significantly.

If they can make enough just to cover mortgages, with the high appreciation of the properties, it's a great investment.

The idea is to purchase a single-family residence where they would help cover the mortgage, or at least reduce my monthly payments.I’d love to hear from anyone who has experience with house hacking!

Future AppreciationLynchburg’s market has seen about 5% appreciation recently (4.3% Sep 2024), meaning your property could gain around $110K in value over 5 years, helping to cover renovation costs.

I’m collaborating with an investor who can help cover the remaining balance, but since the property isn’t in the best shape, and maybe fairly priced, but I’m evaluating how much room I might have to negotiate.

Lease Agreement: Use a compliant, detailed lease covering rent, rules, and responsibilities.2.

One was making an extra $600/month while covering all of his household expenses with just 3 PadMates. 

Violating these rules can lead to severe IRS penalties, including disqualification of the tax-advantaged status of your retirement account.Each self-directed retirement account must have sufficient funds to cover all property-related expenses, as you cannot personally pay these expenses.

Would recommend documentation to make sure you’re covered if you have to go to court to evict.

Normally, my team handles cold calling and texting, but recently, we started using an AI-powered texting solution from a startup called Adforce, and the results have exceeded our expectations.In just the first month, we closed two deals that gave us a positive return on investment, effectively covering the cost of the service for the entire year.